Skip to main content

Middle East

The Middle East’s non-ferrous metals market has been growing steadily over recent years owing to increased demand from industries such as construction, automotive and electronics. The region is rich in natural resources including aluminium, copper and zinc, all of which are essential raw materials for various industries.

The non-ferrous metals market in the Middle East is projected to expand at a compound annual growth rate of 4.6% from 2020 to 2025. Growth is largely determined by the increase in demand for aluminium in the construction sector and for copper in the electrical and electronics industry. The market is also faced with challenges such as volatile metal pricing and disruption to the global supply chain following the COVID pandemic.

Also in recent years, the Middle East has seen greater awareness of, and commitment to, sustainability and sustainable practices. The region’s governments and businesses have increasingly recognized the significance of sustainability, leading to actions designed to reduce their environmental footprints. For instance, the United Arab Emirates has many initiatives to encourage sustainable practices, including the development of renewable energy sources and the implementation of sustainable building standards.

Saudi Arabia has also set ambitious goals to reduce its carbon footprint and encourage sustainable practices, launching various projects such as the Saudi Green Initiative and the Middle East Green Initiative with the purpose of promoting sustainable practices and cutting carbon emissions in the region.

Rami Shahrour

SHARMETAL TRADING CO. S.A.R.L. (LBN), Board Member of the BIR Non-Ferrous Metals Division


Country
Lebanon


By the same Author